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- RE: Specialty Culinary Store Well Established!
- Contact: Roshelle Porter
Quick Facts
Asking Price: | $1,410,000 | |
Annual Revenue: | $2,100,000 | |
Net Profit: | $399,000 | |
Cash Flow: | $470,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $69,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2007 | |
Employees: | 9 | |
BBN Listing #: | 953737 | |
Broker Reference #: | 5719-001 |
Business Overview:
Profitable main street business with growth potential!
This well-established 17-year-old culinary store is a premier destination for high-quality kitchenware, specialty food items, and unique gifts. Located in one of the best places to live in Texas, the business benefits from excellent foot traffic and a loyal customer base, primarily acquired through word of mouth, participation in local events, and an established presence on social media. The store's carefully curated selection includes top-tier cooking tools, premium candies, chocolates, gourmet products, and local artisan merchandise. A recent expansion has introduced luxury linens and exclusive items from renowned brands. Enhanced services such as wedding registries, corporate gifting, daily tastings, cooking classes, and live demonstrations make this store a sought-after retail experience. This is a rare opportunity to acquire a flourishing, turn-key business with an excellent reputation and a current owner willing to provide ample training to ensure a seamless transition.
Products:
The store features an array of high-end kitchenware, premium cookware, and specialty utensils tailored for culinary enthusiasts. It also offers a variety of gourmet food items, including fine chocolates, candies, and local artisan delicacies. Luxury linens, unique gifts, and exclusive merchandise from prestigious global brands. With its diverse product range, the store caters to personal, gifting, and corporate needs, ensuring appeal for every occasion. Great opportunity to expand product lines.
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Property Features and Assets:
The area's affluence and growing population contribute to a steady stream of customers, ensuring
consistent sales and profitability. Gross Leasable Area of the business is 7,000 square feet. The location benefits from high traffic counts, with over 70,000 vehicles per day in a shopping center on a primary intersection in good area.Â
Market Competition and Expansion:
• Strong Sales Growth Year Over Year
• Stable Seller Discretionary Earnings
• Repeat business of at least 50%
• Business thrived even during covid
• Exemplary Reputation in the Market
• 17-Year-Old Business strategically located
• Diverse Product lines with opportunity to expand
This is a unique chance to acquire a thriving business in a prime location with a diverse product range and loyal customer base. Growth opportunities abound for this business, particularly by expanding into online sales and adding new product lines. Developing a robust e-commerce platform would enable the store to reach a broader audience, increase sales, and tap into the growing trend of online shopping. Adding product lines such as more specialty foods, organic products, and exclusive culinary kitchenware could attract a wider customer base and increase market share.
Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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